We believe that the “clients' success determines our own". However complex the situation may be, we always assess the case through the client’s eyes in order to find simple, practical yet innovative solutions, offering tailor made options to meet the client’s needs.
Based in the Swiss Tower in Jumeirah Lakes Towers (JLT), Dubai we provide a wide range of consultancy and management services with an emphasis on corporate and commercial matters. We regularly counsel corporate clients (small and medium sized companies up to multinational corporations), assisting them in either setting up a presence in the Middle East or optimizing and fine-tuning their existing company structure.View services
Based in Abu Dhabi, Swiss International Legal Consultants Ltd serves all your legal needs. Our international and multilingual lawyers offer profound knowledge and extensive experience in a wide range of areas such as general commercial and corporate law, employment, real estate and tax as a well as inheritance and family law matters.View services
The United Arab Emirates (UAE) sometimes simply called the Emirates, is a federation of the seven emirates Abu Dhabi (being the biggest and seat of the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. The country lays at the northeast end of the Arabian Peninsula bordering Saudi Arabia and Oman while also sharing a maritime border with Qatar and Iran.
The UAE forms, after Saudi Arabia, the Middle East’s second largest economy while also being one of the wealthiest countries in the region on a per capita basis. Its GDP in 2019 was estimated at USD 427.9 billion - between 2000 and 2018, the average real GDP growth was at close to 4%. The country offering good, modern and top tier general and ICT infrastructure enables a strong business environment with its stable political and macroeconomic conditions. This is reflected in its regular top rankings in global indices, such as the World Economic Forum's (WEF) Global Competitiveness Index (GCI), the World Happiness Report (WHR) and the Global Innovation Index (GII).
Although the oil and gas sector still playing an important role in the UAE economy, the leadership has put a lot of effort into the diversification making it nowadays the most diversified economy in the Middle East and North Africa (MENA) region.
United Arab Emirates
Update: Dubai Economy publishes
guidelines for 100% Foreign Ownership in Local Companies
On 23 November 2020, by a Presidential Decree, the United Arab Emirates (“UAE”) has introduced extensive changes to Federal Law No. 2 of 2015 on Commercial Companies (“Companies Law”). The major change announced of course being the allowance of 100% foreign ownership in mainland/onshore (non-free zone) companies, therefore effectively annulling the need for a local Emirati majority shareholder on a federal level. Since 1 June 2021, fully foreign owned local companies can now be established in accordance with the rules and guidelines enacted locally in each of the seven Emirates.
United Arab Emirates
Update: 100% Foreign Ownership in Local Companies
Amendment of the Federal Law No. 2 of 2015 on Commercial Companies
On 23 November 2020, by a Presidential Decree, the United Arab Emirates (“UAE”) has introduced extensive changes to Federal Law No. 2 of 2015 on Commercial Companies (“Companies Law”). The major change announced of course being the allowance of 100% foreign ownership in mainland/onshore (non-free zone) companies, therefore effectively annulling the need for a local Emirati majority shareholder. The UAE government has now announced that these amendments will be permitted starting 1st June 2021.
Business Opportunities in the UAE
The United Arab Emirates (UAE), the major thriving regional and international business hub in the Middle East. World class infrastructure, efficient business friendly processes and procedures and a tax friendly environment create a favorable environment for investors.